Arbor Metals Corp. (TSXV:ABR)


Arbor Metals Corp., earlier known as Vela Minerals Ltd., is a mineral mining and exploration company that operates in the basic material sector primarily focused on precious metal assets, specifically gold properties. Arbor Metals Corp. is a public listed company on the TSX Venture Exchange, with its common shares trading under the ticker symbol ABR.

The operations of the Vancouver-based metal exploration company involve the acquisition, evaluation, exploration, and development of mineral projects. Kruger Gold Corp., a 100 per cent owned subsidiary company of Arbor Metals Corp., holds a 75 per cent stake in the Rakounga Gold Project.

The Rakounga Project is situated in central Burkina Faso along the Goren Greenstone Belt in West Africa. The project comprises a mineral exploration permit spanning a total area of 250 square kilometers.

In addition to the current stake, the company, indirectly through its subsidiary, holds the right to acquire the remaining 25 per cent in the project for a consideration of USD $1 million subject to pre-existing royalty obligation, i.e., a net smelter rate (NSR) of one per cent.

Arbor Metals Corp. controls the Rakounga Project and has past drilling reports and research studies, including surveys. Currently, the company is looking forward to the expansion of the project to the nearby land area along the Goren Belt region.

According to the press release report dated June 13, 2021, Arbor Metals Corp. is planning to conduct a geophysical survey at the Rakounga Project to examine the gold anomalies according to the previous exploration and drilling activities by the former operator. The gold prospects are some 100 kilometers north west of Ouagadougou.

This survey is focused on two prime zones -- the Koaltenga and Porphyry zones. Arbor Metals Corp aims to develop the newly identified mineral projects into the production phase and thus create value for its shareholders.

Contact Information

company address 885 W Georgia St Suite 2200, Vancouver, BC V6C 3G1

company phone403 852-4869

company email[email protected]

company website

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